Which of the following statements are valid?

H Ltd is a logistics company which is likely to be seeking a Stock Exchange listing shortly.

The directors wish to strengthen the company’s internal controls.

Which of the following statements are valid?
A . The Board should take direct responsibility itself for all organisational control and avoid delegating.
B . The Board should ensure that the internal accounting system provides accurate and relevant information.
C . The Board should ensure that there is regular assessment of the financial impact of contingencies.
D . The Board should communicate organisational policies only to members of staff who are part of the management team.
E . Internal Audit should be used to check on the detailed operation of controls in the
operating departments.

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Answer: B,C,E